Chicago Federal Reserve President Goolsbee opposes interest rate cuts, stating that more data is needed for support
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Chicago Federal Reserve President Goolsbee opposes the recent interest rate cuts by the Federal Reserve, citing that inflation remains persistently above target and progress has stalled. He believes that more economic data should be awaited to make prudent decisions. Although he is optimistic about interest rate cuts in the coming year, recent inflation data has made him more cautious about short-term cuts
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